Today in Markets

An Abu Dhabi Pump?

Should you care one iota?
Jack Inabinet Jack Inabinet Nov 29, 20231 min read
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market analysis An Abu Dhabi Pump?

IOTA's Moment? Blockchain developer Iota is launching the first Abu Dhabi-regulated foundation with hopes of accelerating the growth of their technology in the Middle East! IOTA is up nearly 50% on the day, but is this pump one you should ape? Probably not👇

Under recently introduced Abu Dhabi regulations meant to attract digital ledger technology (DLT) companies to the UAE, foundations – like Iota’s – can establish decentralized autonomous organizations there to operate legally and issue tokens to members.

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